Asking Price: $3,475,000

CBRE is pleased to present Balboa Flats, a well-maintained 10-unit multifamily property located at 3533 6th Avenue in the heart of San Diego’s prime Hillcrest neighborhood, at the edge of Bankers Hill and just one block from historic Balboa Park. Built in 1952, the asset offers an exceptional combination of location, stability, and value-add potential in one of the city’s most desirable rental corridors. Eight of ten units have been substantially improved with vinyl plank flooring, new countertops, stainless steel appliances, newer cabinetry and hardware, custom backsplash, and upgraded bathrooms. A TPO roof was completely replaced in 2012 with a 20-year warranty, and all systems are in good working condition.